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One of the most important attributes of the wealth management process is to manage risk.

The surprising reality is that more than half of businesses are sold in an unexpected manner. This fact often catches owners unprepared, potentially leaving them in sub-optimal situations, both financially and emotionally. It's important to be ready for an exit, even if you're not planning one right now. Here, I'll be discussing the essential items to work on to help ensure you're prepared for an unexpected business sale.

Looking to save on taxes, maximize your retirement savings, create significant asset protection, and reward, recruit, and retain your employees, consider adding a cash balance plan to your existing 401(k) plan. Depending on your personal goals, there are many other retirement planning and benefit options that could also be of help. Choosing the right retirement planning option is one of the most important financial decisions a business owner will make for their business. Here are some key takeaways from our blog on how Century Management Financial Advisors can help.

Often times a business is sold prematurely due to death, divorce, disability, distress, or disagreement. If your business is not prepared and ready to transition, you and your beneficiaries may not maximize your sales value.

Recent headlines about Bruce Willis’ progressing dementia highlight how anyone can suffer from cognitive decline. According to Columbia University, 10% of Americans ages 65 and older have dementia and another 22% have mild cognitive impairment. Here are some signs that could indicate your loved ones need your involvement in managing their finances.

If you own a business and are looking for a potentially large 2022 tax deduction, it is not too late to see if you are eligible to setup and fund a 2022 Cash Balance Plan in combination with your existing 401(k).